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VVOR
AIR |
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Data
Detailed AIR to Prefecture or SubArea level Convert from RMS data using EDC if needed PerilCode -- WS = 1, SS = 256, PF = 4096 |
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Model
WS+50SS+50PF_wDA_wDS Japan Domiciled -> apply prefecture Vuln Adj No Adj made for Worldwide Deal |
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LAE
1.035 |
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Model Change
Adopted the Alternate view for Japan WS in VVOR v19 Vendor Model latest updated on Oct-2017 |
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Others
2 MFIDs: Ori and Alt view. - Running thru Cattools only give you the Alt. View --> Use the Touchstone UI to get both Templates in TS has 50% TakeUp applied - Through Loss Mod. Factor onto SS and PF OR - Through 50% SS and PF analysis Options onto Peril Wind |
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Use this to pull AIR results: ShopVac
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VVOR
VRISC (but model in RMS as well) |
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Data
Usually EDM is provided Aggregated EFEI exposures is provided |
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Model
Model EQ+FF RMS ALM analyses - Default Profiles: EQ Only - Manually attach EQ+FF profiles for EFEI Follows Broker's Profile - VRISC+ <- VRISC cant model aggregately |
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LAE
1 for Japan Domiciled Clients |
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Step Functions
POLICYSTRUCTURE = 2 from the policy table Payoffs by buckets GR could be larger than GU losses |
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Franchise Deductibles
Portfolio name with FR OR results dont match Use RDP USMDRMS19-31 to model |
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Extra Expense Policies (Wind)
GR could be larger than GU losses because Extra Expense policies are not accounted for in exposures |
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YOY change in EQ losses from RiskLink was very different than VRISC.
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Sompo Japan Nipponkoa Insurance Inc – 2019 EQ QS (28029)
Large RMS losses reduction but not VRISC is seen due to changes in YearBuilt. |
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Create Modeling Data from Policy info/Agg text; might involve coding Step functions and Extra Expense policies
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Refer Sample
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Earthquake Fire Expense Insurance (EFEI)
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Pay additional expenses caused by fire following an earthquake
Does not fall under the government’s JER program. Included as a standard feature in non-life insurers normal fire insurance policies |
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Small -amount and short-term insurance (SASTI)
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Insurance periods of one year or less (with respect to non-life insurance, two years or less)
Insurance amounts not exceeding certain amounts stipulated in IBA (i.e., JPY10 million for non-life insurance) |
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1) For investigations:
- JapanEQ_Sensitivty_AAL_Comparison - JPWS_Sensitivity_AAL_Comparison_TSv7 |
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